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Bitcoin's price has been sinking like a rock recently.

Take a look at this graph to see what I mean.

This image is a screenshot from Coinbase,and belongs to Coinbase.com.

As we can see,Bitcoin is somewhere around $7000.

The same bitcoin that traded over $10k back in October.

Why?

Well,it goes like this.

If you follow traditional markets like the stock market, you'd see that they also fell about the same time that Bitcoin's market ran into an angry bear.

This plunge in traditional markets was because of an ongoing trade war between Hong Kong and the USA.

Something about overlooking what happened to Hong Kong.

This led to the S&P 500 closing at 0.2% up. A very meagre close.

And also, the Dow Jones index closed at 0.39%.

Bitcoin, also fell,creating a new low support at $6980. Bummer.

But, there's a ray of hope,as there are no signs that Bitcoin's market is losing money to other markets.

I(even wrote a post on why you should buy bitcoin now. Check it out on my blog at Publish0x.)

While we await the halvening, I definitely hope we see a price increase.

Please if you find this post interesting,entertaining or relevant,kindly leave a tip to support my work. Thanks.

I also take bitcoin: 3JdKzLDTYa4zF3QaBa8VxDWwsYVtVBdVte

And Ethereum: 0xD11C13A2923CD9C2117F1dCcE664413f242d2A2E

Thanks for reading. Have a nice day!